Financial Reporting

Semester Autumn
Level 11
Credit Value 20
Module Co-ordinator Dr Alisdair Dobie
Contact Hours The module will be delivered by means of Lectures, Drop-in sessions and seminars.  There will be three hours of weekly Lectures, a one hour weekly Drop-in session and a one hour weekly seminar. The latter will be delivered in small classes.
Assessment Assessment will comprise a group coursework report (30% of the module grade), a class test (30% of the module grade) and a final examination (40% of the module grade). The multiple choice test and the final exam will contain both numerical and discursive questions and will enable students to demonstrate their knowledge of both financial reporting principles and the application of these principles to practical problem-solving.



The aim of the module is to help students understand the underlying assumptions and limitations of accounting information. The measurement and reporting problems in financial accounting will be examined together with an introduction to the methods available for interpretation of reported financial accounting information.  Upon completion of the module students will have met learning outcomes from levels I, II and III of the CFA® Program Candidate Body of Knowledge in respect of Financial Reporting.


Learning Outcomes

Knowledge and Understanding of:

  1. Explain and apply basic accounting principles and conventions in the preparation of accounting reports.
  2. Identify and explain the general principles of the measurement of tangible and intangible assets and associated valuation problems.
  3. Explain the issue of asset impairment and the impairment testing process.
  4. Explain the rationale for group financial statements and apply basic accounting principles in the preparation of group financial statements.
  5. Identify and explain the need for foreign operations and apply primary currency translation techniques in reporting foreign operations.
  6. Identify and evaluate the accounting issues that are currently controversial in accounting practice.
  7. Calculate accounting ratios and select and apply those that are appropriate in the analysis of company financial statements.
  8. Analyse companies’ cash flow statements.

Generic Skills:

  • numeracy, through the manipulation and interpretation of accounting data
  • methodical working through planning and prioritisation
  • effective listening
  • effective time management and the ability to work under pressure

Cognitive Skills:

  • the ability to analyse information  and solve structured problems
  • the ability to identify arguments and think critically


Division: Accounting & Finance



This module information is representative of what is included in the module in a given year. Details of actual reading, lectures and coursework may vary year to year and will be available at the beginning of the semester.

© University of Stirling FK9 4LA Scotland UK • Telephone +44 1786 473171 • Scottish Charity No SC011159
Portal Logon